Metropolitan Life Insurance Co. NY Has $29.70 Million Position in NextEra Energy, Inc. (NEE)
Metropolitan Life Insurance Co. NY lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,376 shares of the utilities provider’s stock after selling 3,374 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in NextEra Energy were worth $29,702,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Ruggie Capital Group bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $191,000. Oarsman Capital Inc. bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $200,000. Finally, Appleton Group LLC bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 75.64% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.21% during midday trading on Tuesday, hitting $150.57. The stock had a trading volume of 335,147 shares. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.28. The firm has a market cap of $70.65 billion, a PE ratio of 17.25 and a beta of 0.32. The firm has a 50-day moving average of $145.70 and a 200 day moving average of $137.05.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $1.67 earnings per share. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
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NEE has been the topic of several analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley lifted their price objective on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company restated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Finally, BMO Capital Markets restated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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